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Intra Day Yen - Naked

  • #441
  • Feb 22, 2008 6:17am Feb 22, 2008 6:17am
Five 20 pip scalps in GJ alone all from the short term pull backs that I've talked about all morning.

Then this double bottom on the 1 min was the heads up for a possible reversal. GJ went up and then obliged us yet again by pulling back into the DZ before the nice 64 pip run back up to the 211 level.

That's more than 150 pips in todays European session - a good weekend to all - I'm finished posting. http://www.forexfactory.com/images/icons/icon6.gif
Attached Image (click to enlarge)
Click to Enlarge Name: feb 22 gu 1m 1405.gif Size: 13 KB
Trading Levels with WRBs
  • #442
  • Feb 22, 2008 11:36am Feb 22, 2008 11:36am
nice job Izzy
  • #443
  • Feb 24, 2008 7:40am Feb 24, 2008 7:40am
Hello guys! Hope yall had a nice weekend

Im seting my charts up, anyone else is getting ready as well?

Cheers Islander for the thread
  • #444
  • Feb 24, 2008 9:47am Feb 24, 2008 9:47am
Quoting belekas
Hello guys! Hope yall had a nice weekend

Im seting my charts up, anyone else is getting ready as well?

Cheers Islander for the thread
Thanks Belekas - I hope that you and the other regulars have found it helpful - and yes, I'm doing my homework too!

This week I'm going to have less time to post, so I do hope that others will find time to post their thoughts.

I'll be in after London Open tomorrow.
Trading Levels with WRBs
  • #445
  • Feb 24, 2008 9:48am Feb 24, 2008 9:48am
Quoting PiPr Pro
nice job Izzy
Thanks PPP - I hope all's well.

Issy
Trading Levels with WRBs
  • #446
  • Feb 25, 2008 3:23am Feb 25, 2008 3:23am
With cable bullish on all of its longer time frames and UJ bullish on its 5m this was a great set up for GJ. I exited at T1 and am now waiting for a pull back.

Support is just above the gold DZ, so GJ may not get down into the DZ, so I'm prepared to buy higher.

The Existing Home Sales data is due at 1500 GMT - its important, so if I'm in a trade I'll probably close half before the announcement.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 25 gj 5m 1110.gif Size: 18 KB
Trading Levels with WRBs
  • #447
  • Edited 5:08am Feb 25, 2008 4:56am | Edited 5:08am
Here is an ej buy from earlier this morning, UK time, 5m chart.

The yellow fib is the overall swing; the turquoise fib is the one I traded, both on a 1h chart.

I didn't walk a 5 minute fib but drilled down to the 5m chart to time the entry on the first candle to open above AL; the green arrow shows the point.

This trade cannot turn into a loser as I have a +16 sl now. There is a convergence of the two fibs at 159.59 that is acting as support, so every chance of a continuation to Target1?

Any comments from the experts here is most welcome, especially with regard to anything else I should have considered. I am still at the stage of expecting to wake up and find that success with fibs was all a dream and I am still firmly a member of the 95%.

Many thanks for starting this thread Issy. I really appreciate the time and trouble you have taken.

Attached Image (click to enlarge)
Click to Enlarge Name: ej.JPG Size: 254 KB
  • #448
  • Feb 25, 2008 5:57am Feb 25, 2008 5:57am
Quoting SteveHopwood
Here is an ej buy from earlier this morning, UK time, 5m chart.

The yellow fib is the overall swing; the turquoise fib is the one I traded, both on a 1h chart.

I didn't walk a 5 minute fib but drilled down to the 5m chart to time the entry on the first candle to open above AL; the green arrow shows the point.

This trade cannot turn into a loser as I have a +16 sl now. There is a convergence of the two fibs at 159.59 that is acting as support, so every chance of a continuation to Target1?

Any comments from the experts here is most welcome, especially with regard to anything else I should have considered. I am still at the stage of expecting to wake up and find that success with fibs was all a dream and I am still firmly a member of the 95%.

Many thanks for starting this thread Issy. I really appreciate the time and trouble you have taken.

Nice trade Steve - thanks for the chart.
Trading Levels with WRBs
  • #449
  • Feb 25, 2008 6:04am Feb 25, 2008 6:04am
Here's a cable set up that I've just taken profit on......these IFib entries are popping up eveywhere today......http://www.forexfactory.com/images/icons/icon14.gif
Attached Image (click to enlarge)
Click to Enlarge Name: feb 25 gu 5m 1400.gif Size: 10 KB
Trading Levels with WRBs
  • #450
  • Feb 25, 2008 6:18am Feb 25, 2008 6:18am
Quoting Islander
Here's a cable set up that I've just taken profit on......these IFib entries are popping up eveywhere today......http://www.forexfactory.com/images/icons/icon14.gif
Here is my take on the same chart, although demo not live this time.

Very pleased to see my chart is not all that different from yours.

I got in at the first candle to open above AL, for +25. Could I have known enough to get in sooner?



Ps, my live ej is still running - +50 right now with a tp at +70. Here's hoping.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.JPG Size: 164 KB
  • #451
  • Feb 25, 2008 6:28am Feb 25, 2008 6:28am
Quoting SteveHopwood
Here is my take on the same chart, although demo not live this time.

Very pleased to see my chart is not all that different from yours.

I got in at the first candle to open above AL, for +25. Could I have known enough to get in sooner?



Ps, my live ej is still running - +50 right now with a tp at +70. Here's hoping.

The safe way is to enter as price exits the DZ - so here ~9645 + your spread

However, with practice you can be more aggressive and use the 50% level.
Trading Levels with WRBs
  • #452
  • Feb 25, 2008 6:42am Feb 25, 2008 6:42am
Quoting Islander
Here's a cable set up that I've just taken profit on......these IFib entries are popping up eveywhere today......http://www.forexfactory.com/images/icons/icon14.gif
Nice one. Did you enter on a break of the long AL after the initial test of the DZ and/or a later break of the DZ?...be interested to find out what your decision making was as this one progressed through the inner fibs.

Many thanks.
  • #453
  • Feb 25, 2008 6:55am Feb 25, 2008 6:55am
Quoting Islander
The safe way is to enter as price exits the DZ - so here ~9645 + your spread

However, with practice you can be more aggressive and use the 50% level.
Cheers. I feel some more vhands coming on.
  • #454
  • Feb 25, 2008 7:02am Feb 25, 2008 7:02am
Quoting ChowClown
Nice one. Did you enter on a break of the long AL after the initial test of the DZ and/or a later break of the DZ?...be interested to find out what your decision making was as this one progressed through the inner fibs.

Many thanks.
I was tied up with other work and entered late (for me) on the exit of the DZ. Run a few backtests and you'll soon find what works best for you. Also I'm still taking profits early until we get a break of these ranges.
Trading Levels with WRBs
  • #455
  • Feb 25, 2008 8:01am Feb 25, 2008 8:01am
My ej long just hit Target1- +70.

The yellow fib is the big swing (can hardly be seen here). The blue fib is the one I was trading live. The salmon fib is one I drew to see if I could make some extra demo pips on a retrace; +22 on that one, entering as soon as I could after the price retraced to the DZ and bounced out.

Lovely.



Since I wrote this, the price has screamed towards T2,so soon be time for some more fibo walkies.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.JPG Size: 169 KB
  • #456
  • Feb 26, 2008 12:55am Feb 26, 2008 12:55am
A nice clear set up off this chart.....theDaily Pivot just helped to confirm the long entry - good for 50+ pips out of the 85 that were on offer....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #457
  • Feb 26, 2008 12:56am Feb 26, 2008 12:56am
Whoops - here's the chart....

Edit: with the continuing chop I'm taking profits early - here my target was the M3 level - GJ and UJ will often bounce between the Pivot Levels....:-)
Attached Image (click to enlarge)
Click to Enlarge Name: feb 26 gj 15m 0840.gif Size: 12 KB
Trading Levels with WRBs
  • #458
  • Feb 26, 2008 1:23am Feb 26, 2008 1:23am
Quoting Islander
Whoops - here's the chart....

Edit: with the continuing chop I'm taking profits early - here my target was the M3 level - GJ and UJ will often bounce between the Pivot Levels....:-)
Islander
Good morning
Quesion re Daily Pivots. What time do you use as the start time for your Daily Pivots?
Thanks
kiwi trader
  • #459
  • Feb 26, 2008 1:39am Feb 26, 2008 1:39am
Quoting fxnelson
Islander
Good morning
Quesion re Daily Pivots. What time do you use as the start time for your Daily Pivots?
Thanks
I use the NY close - as taught by Dove Alliance in his posts on the UJ thread,
and I use this indicator:
Attached File(s)
File Type: ex4 Pivot Points Multitimeframe eye.ex4   50 KB | 323 downloads
Trading Levels with WRBs
  • #460
  • Feb 26, 2008 1:43am Feb 26, 2008 1:43am
Another great set up....again for 50+ pips out of 80
Attached Image (click to enlarge)
Click to Enlarge Name: feb 26ej 15m 0940.gif Size: 14 KB
Trading Levels with WRBs
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